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Jan 30, 2013
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that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different. >> he was in office. i think, come on eric, we spent 5.8 t78d and we have a negative growth rate. >> this the first quarter we've had a negative growth rate. we a super storm sandy and lots of fiscal negotiations. i think we're probably going to have close to 3% growth rate of 2013. the recovery is coming along, but it's not coming as fast as anybody would like it but it is coming. >> eric: we'll leave it there. no major sell-off on white house despite the news. the dow still flirting with 14,000. sandra smith keeping an eye on it all. i'm looking down 44 on the day where we have negative g
that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different....
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Jan 31, 2013
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obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they approved the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house and senate have to pass budget by mid-april or member paychecks will be held. >> the united states could default on the obligation every few months. not an ideal way to run a government. a short-term solution is better than another imminent manufacturered crisis. >> house republicans passed budget in the obama era and created the salary threat so senate democrats who have not do so this year. >> republicans tried to pass amendments that prioritize payments
obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they...
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Jan 31, 2013
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but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect testify growth or recessioner in period, that's not the sign of a healthy economy? >> if agree with you. but keep in mine what i'm homing now, eric, we city a little stability, at least until 2014 elections. we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you lo
but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect...
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Feb 1, 2013
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over the last four years, especially when it comes to the money you're spending. going in and having a cold one at the super bowl party? the price for beer up 6.5% from four years ago. everybody loves chicken? for super bowl 43 chicken legs were 51 cents a pound. now it is 65. paying over 14% more. want a burger as you watch the big game, dig deeper. need cheddar on that burger, that's up 19%. $5.87 a pound. beef itself up 26% from 2009 to $3.08 a pound. talk about pain at the pump. if you need to fill up your car or your vehicle on the way to the super bowl bash, gas soared more than 56% since super bowl 43. the average price for a gallon of gas back then $1.93. now it's $3.42. >>gretchen: brian, i hope you went to the a.t.m. before you went off on your flight yesterday because it sounds like you're going to need a lot of cash to do all the partying that you plan on doing. >>brian: absolutely. i really don't want to work. i just am here to just have a good time. that is why my expense report is always like a circus. right behind me is the louisiana national guard
over the last four years, especially when it comes to the money you're spending. going in and having a cold one at the super bowl party? the price for beer up 6.5% from four years ago. everybody loves chicken? for super bowl 43 chicken legs were 51 cents a pound. now it is 65. paying over 14% more. want a burger as you watch the big game, dig deeper. need cheddar on that burger, that's up 19%. $5.87 a pound. beef itself up 26% from 2009 to $3.08 a pound. talk about pain at the pump. if you need...
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Jan 28, 2013
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he's not really interested in reining in spending in almost any other area except national security. he said the sequester, which is the $1.2 trillion in cuts that are scheduled to go in effect, which disproportion athlete affect defense spending, the president said during the campaign, ain't going to happen of the well, it's going to happen. it's going to happen here in about six weeks. >> steve: before you go, something that looks like will happen is it looks like it's bipartisan plan to reform immigration. what do you think? >> i hope so. we'll hear from the president this week, but it really requires presidential leadership, like so many of these issues, because it's easy for people to sort of get off in their corner and argue their particular agenda. but it's hard to come together on big complex -- >> steve: so it's up to the president? >> it's up to all of us, but the president's got to play his role as commander in chief and leader. >> gretchen: we should mention that eight republicans have come together to talk about immigration reform as well and they're going to come up wit
he's not really interested in reining in spending in almost any other area except national security. he said the sequester, which is the $1.2 trillion in cuts that are scheduled to go in effect, which disproportion athlete affect defense spending, the president said during the campaign, ain't going to happen of the well, it's going to happen. it's going to happen here in about six weeks. >> steve: before you go, something that looks like will happen is it looks like it's bipartisan plan...
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Jan 30, 2013
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. >> president obama reportedly said that america doesn't have a spending problem. we know that is not accurate. >> that is the senate's top republican referring to the president's assertion the u.s. does not have a spending problem on the federal debt crisis quoted by house speaker boehner at recent "wall street journal" op-ed. otherring eagerly embrace the sentment and vowed to oppose the discretionary spending cuts, arguing that the debt crisis if spending's role are overhyped on fox news. >> i am not going to keep cutting the discretionary budget which by the way is not out of control. despite what you hear on fox news. >> he said limited if any entitlement reform and intensifying opposition to additional discretionary spending discipline. >> the american people still believe by overwhelming margin that the rich should contribute to this. they believe discretionary spending has been hit hard already. >> for the record, the government accountability office issued a report saying the structural imbalance will lead to growth of debt. the structure of the federal bu
. >> president obama reportedly said that america doesn't have a spending problem. we know that is not accurate. >> that is the senate's top republican referring to the president's assertion the u.s. does not have a spending problem on the federal debt crisis quoted by house speaker boehner at recent "wall street journal" op-ed. otherring eagerly embrace the sentment and vowed to oppose the discretionary spending cuts, arguing that the debt crisis if spending's role are...
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the idea that discretionary spending's not too high, the idea that this government's not too big, the idea that the deficit isn't too large, this is not a fox news problem, this is a wash politician problem. i think they can try to find somebody tolls blame all they want to. she has to go back home and explain why she's failing to do her job. by the way, in the senate, which is not passed a budget for 3 years. >> you know what i don't understand is both the president calling out fox and senator landrieu calling out fox. and fox has the most viewers and it's the number-1 cable news, it's fully universed in a 300-million-plus country. but we have three or four million viewers a night at a given time. why -- why are they so terrified that they keep bringing up fox news? what is so -- what is the impact on them? >> i think that they are so used to having an elite media which protects them, that it drives them crazy to have somebody who stands up and tries to explore the facts. and i think they also believe they have a chance to brow-beat fox and to try to sort of shove fox in line to beha
the idea that discretionary spending's not too high, the idea that this government's not too big, the idea that the deficit isn't too large, this is not a fox news problem, this is a wash politician problem. i think they can try to find somebody tolls blame all they want to. she has to go back home and explain why she's failing to do her job. by the way, in the senate, which is not passed a budget for 3 years. >> you know what i don't understand is both the president calling out fox and...
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apparently president obama and landrieu, fox man is the straw man? >> it's very different arguments. mary's argument with all due respect to senator, is nuts. the idea that discretionary spending is not too high? the idea that this government is not too big? the idea isn't too large? this is not a fox news problem. this is a washington politician problem. i think they can try to find somebody else to blame all they want to. she has to go back home and explain why she is failing as a senator to do her job. in the senate when has no, sir passed a budget for three years. >> greta: i don't understand, both the president calling out fox and senator landrieu calling out fox even though it's fully in a 300 million plus country. we have three or four million viewers a night at a given time. why are they so terrified. they keep bringing up fox news. >> i think they are so used to having an elite media which protects them. it drives them crazy to have somebody who stands up and tries to explore the facts. i think they also believe they have a chance to browbea
apparently president obama and landrieu, fox man is the straw man? >> it's very different arguments. mary's argument with all due respect to senator, is nuts. the idea that discretionary spending is not too high? the idea that this government is not too big? the idea isn't too large? this is not a fox news problem. this is a washington politician problem. i think they can try to find somebody else to blame all they want to. she has to go back home and explain why she is failing as a...
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Jan 24, 2013
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republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and now the democrat-controlled senate hasn't really passed a budget resolution during the obama admi
republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't...
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he said: if government spending caused economic growth, as the president believes, the economy today should be booming. unemployment plummeting. he also said ahead of that, he said it's the wrong time for president obama to scrap his jobs council and delay his budget again. well, jay carney, the president's spokesman, fired back saying: how quickly speaker boehner forgets underhe supporte nation lost 8.5 million jobs in the last 35 months. we have created 6 million. what about his argument, specifically jay carney's argument, judy? >> well, look, i think that is going to get played out. it's going to be one of the talking points and the debating points between keynesians and nonkeynesians in this administration. i think what's really interesting is that, you know, in the new republic president obama went out of his way to kind of extend an olive branch to mr. boehner by saying that he knows that he wanted a compromise, it's just those nasty republicans who are really conservative who won't let him compromise. and this is how boehner responds. so i think that what we're now going to s
he said: if government spending caused economic growth, as the president believes, the economy today should be booming. unemployment plummeting. he also said ahead of that, he said it's the wrong time for president obama to scrap his jobs council and delay his budget again. well, jay carney, the president's spokesman, fired back saying: how quickly speaker boehner forgets underhe supporte nation lost 8.5 million jobs in the last 35 months. we have created 6 million. what about his argument,...
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even "new york times" front banner headlights, obama's clinton role agenda calling it liberal. >> the president wants to be a transformational president not by moving to the center but by pushing an agenda that involves higher taxes, more spending on social programs and no cuts in entitlements. we have problems with the debt, deficit, and entitlements and unless we take them on we do the country a disservice. >> it is like "i gotcha" and here is the real thing. bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but without medicare cuts. look poll, 58 percent, no cuts. what tour make of this? >> and 89 percent of the people do not want to change anything t
even "new york times" front banner headlights, obama's clinton role agenda calling it liberal. >> the president wants to be a transformational president not by moving to the center but by pushing an agenda that involves higher taxes, more spending on social programs and no cuts in entitlements. we have problems with the debt, deficit, and entitlements and unless we take them on we do the country a disservice. >> it is like "i gotcha" and here is the real thing....
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state department after said abedini finds out he will spend the next eight years of his life in iran's most brutal prison for the crime of evan gellization. he is a christian. the white house is now saying that the obama administration has been actively helping the pastor's family. here is jay carney. >> we condemn iran's continued violation of the universal right of freedom of religion and we call on the iranian authorities to release mr. abedini. as you know the state department is in close contact with the abedini family. is actively engaged on this case. martha: interesting. that is not what we've heard when we've spoken with the family but the pastor's wife says the statent do, as i said is really not doing everything they can. she said every day counts. he is being tortured. they could do so much more. i have been so heart-broken. as low we're letting the iranian government lead with their interpretation what he has done wrong instead of protecting our american ideals. at the very least secretary clinton should publicly call for the unequivocal release of saeed abedini. in her op
state department after said abedini finds out he will spend the next eight years of his life in iran's most brutal prison for the crime of evan gellization. he is a christian. the white house is now saying that the obama administration has been actively helping the pastor's family. here is jay carney. >> we condemn iran's continued violation of the universal right of freedom of religion and we call on the iranian authorities to release mr. abedini. as you know the state department is in...
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. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here. the economy is not growing. we expected something different because the jobs numbers look pretty good. >>steve: our economy at the moment is contracting, and that's -- look, a whole bunch of excuses as to why this is happening. years ago it was the tsunami. that's what's hurting. then it was the wicked europeans. then it was those wicked republicans. now of course it's president bush all over again. or sanding or lower defense spending. there's always an excuse. the fact is we've spent an enormous amount of money -- trillions of dollars -- building up our bureaucracy. we've got a bureaucratic mess on our hands and w
. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here....